Wednesday, 09 September 2020
In this week's QSL Market Update:
- Market optimism has waned since last week’s report, with a drop in equities and US tech shares spilling in to commodity and currency markets
- All signs continue to point to another season of reduced sugar production in Thailand, with recent reports putting the coming crop at 65-70 million tonnes of cane – around half of their 130 million crop two years ago
- The prospect of another Indian sugar export subsidy continues to look ominous
- The Australian Dollar dropped 200 points in the last week on the back of a general market correction, closing this morning’s session at 0.7214 against the US Dollar
To read the full QSL Market Update, please click here.